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    • The Debt Limit: History and Recent Increases 

      Austin, D. Andrew; Levin, Mindy R. (2012-01-06)
      [Excerpt] The statutory debt limit applies to almost all federal debt. The limit applies to federal debt held by the public (that is, debt held outside the federal government itself) and to federal debt held by the ...
    • The Debt Limit: History and Recent Increases 

      Austin, D. Andrew; Levit, Mindy R. (2013-10-15)
      Total federal debt can increase in two ways. First, debt increases when the government sells debt to the public to finance budget deficits and acquire the financial resources needed to meet its obligations. This increases ...